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Old 04-11-2017, 10:22 AM   #1
A.T. Hagan
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Default Russians set to take control of Texas oil firm Citgo

after its shares were used as collateral by Venezuelans 'struggling to pay back a multi-billion dollar loan'

Citgo, which is based in Houston, was sold to Venezuela's state oil firm in 1990
Last year it was offered as collateral when the firm obtained a loan from Rosneft
Now there are fears Venezuela may default and hand Citgo over to Rosneft
A bipartisan group in Congress has written to Trump warning of a 'grave threat to American energy security' if Rosneft took over Citgo


http://www.dailymail.co.uk/news/arti...irm-Citgo.html
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Old 04-11-2017, 11:52 AM   #2
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Default Russians set to take control of Venezuelan oil firm Citgo

Fixed.
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Old 04-11-2017, 01:58 PM   #3
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"Grave threat to American energy security"? Like maybe a really big price war, with the stations across the street having to half-privce their Icees?

Meh. Oil is fungible. You want to look for threats to energy security, look, as always, to the Mideast. The Saudis, with help including the incredibly stupid Iraqis, have bankrupted a significant chunk of the American energy business. After you've finished examining them, move on to the EPA and the rest of the American "we don't know a damn thing about it, but we'll regulate it anyway!" bureaucracy.

Citgo doesn't even make a pimple on a boar's butt.
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